Hewlett-Packard (HPQ) agrees to buy Palm (PALM) in a $1.2B deal, saying Palm's webOS operating...

|About: HP Inc. (HPQ)|By:, SA News Editor

Hewlett-Packard (HPQ) agrees to buy Palm (PALM) in a $1.2B deal, saying Palm's webOS operating system will help it compete in the smartphone market. Palm shareholders will receive $5.70 in cash for each share of common stock. HPQ -1.5% AH, PALM +0.2%. (PR)